v3.25.4
Balance Sheet Components
12 Months Ended
Jan. 31, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Balance Sheet Components Balance Sheet Components
Prepaid Expenses and Other Current Assets
Prepaid expenses were $250.9 million and $247.3 million as of January 31, 2026 and January 31, 2025, respectively. Other current assets were $128.8 million and $67.1 million as of January 31, 2026 and January 31, 2025, respectively.
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
January 31,
20262025
Data center and other computer equipment$1,058,690 $755,728 
Capitalized internal-use software and website development costs383,119 265,987 
Leasehold improvements54,305 42,230 
Purchased software18,628 15,876 
Furniture and equipment12,752 10,485 
Construction in progress219,509 220,088 
1,747,003 1,310,394 
Less: Accumulated depreciation and amortization(770,672)(521,754)
Property and equipment, net$976,331 $788,640 
Construction in progress primarily includes data center equipment purchased that has not yet been placed in service. Data center equipment that was purchased but not yet been placed into service was $161.9 million and $180.1 million as of January 31, 2026 and January 31, 2025, respectively.
Depreciation and amortization expense of property and equipment was $250.2 million, $188.0 million, and $126.8 million, during the fiscal years ended January 31, 2026, January 31, 2025, and January 31, 2024, respectively.
The Company capitalized $120.3 million, $91.9 million, and $77.9 million in internal-use software and website development costs during the fiscal years ended January 31, 2026, January 31, 2025, and January 31, 2024, respectively. Amortization expense associated with internal-use software and website development costs totaled $79.6 million, $54.8 million, and $37.3 million during the fiscal years ended January 31, 2026, January 31, 2025, and January 31, 2024, respectively. The net book value of capitalized internal-use software and website development costs was $184.7 million and $144.0 million as of January 31, 2026 and January 31, 2025, respectively.
Intangible Assets, Net
Total intangible assets, net consisted of the following (dollars in thousands):
January 31, 2026Weighted-Average Remaining Useful Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$202,561 $90,199 $112,362 54
Customer relationships25,383 12,122 13,261 53
Intellectual property and other acquired intangible assets15,854 4,775 11,079 100
Total$243,798 $107,096 $136,702 
January 31, 2025Weighted-Average Remaining Useful Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$168,416 $63,783 $104,633 55
Customer relationships24,5028,454 16,048 65
Intellectual property and other acquired intangible assets15,837 3,404 12,433 112
Total$208,755 $75,641 $133,114 
Amortization expense of intangible assets was $31.2 million, $26.0 million, and $18.4 million, during the fiscal years ended January 31, 2026, January 31, 2025, and January 31, 2024, respectively.
The estimated aggregate future amortization expense of intangible assets as of January 31, 2026 was as follows (in thousands):
Total
Fiscal 2027$32,852 
Fiscal 202832,180 
Fiscal 202929,160 
Fiscal 203019,783 
Fiscal 203111,695 
Thereafter11,032 
Total future amortization expense$136,702 
Goodwill
The change in goodwill during the fiscal year ended January 31, 2026 consisted of the following (in thousands):
Amounts
Goodwill as of January 31, 2025
$912,805 
Goodwill acquired(1)
443,040 
Foreign currency translation7,449 
Goodwill as of January 31, 2026
$1,363,294 
(1)Goodwill acquired resulted from the acquisitions of Pangea Cyber Corporation and Onum Technology Inc. Refer to Note 12 for additional information.
Accrued Payroll and Benefits
Accrued payroll and benefits consisted of the following (in thousands):
January 31,
20262025
Accrued commissions$207,378 $174,322 
Accrued payroll and related expenses100,915 69,197 
Accrued bonuses45,204 42,510 
Employee stock purchase plan36,193 33,214 
Accrued payroll and benefits$389,690 $319,243